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Dec 24, 2012
12/12
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talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west bayshore road and widespread rain across the bay area this weekend. >> @ advance of the rainfall is coming from this on and crew gaffes that main band, through the north bay however, staying of with wind gusting of 30 m.p.h. for the coast. however, not much moisture associated with this system. perhaps one-quarter of 1 in. at the lower elevations. for those located in the hills, not much rainfall many people do not have to be out on the roadways. as most of to be inside. if you're going to the sierras, tire chain laws 4 interstate-80, 88. mostly cloud
talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west...
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Dec 31, 2012
12/12
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liz: the framework, the skelton, is set for a deal on the fiscal cliff but congress still has to vote on it before this goes into efence. -- effect, let's bring in our panel of congressman with expertise on this. mick mulvaney of south carolina, tim huelskamp kansas and dennis cue cues ohio. you've been leaving congress. you've been term-limited by voters. i know you're general in favor of what you would call a more fair tax system. the top 3%, everybody earning $250,000 or more, pay about 60% of all the federal income taxes that are paid. 3% say, 60%. how much more do you think they should pay before it is fair? >> well, the choices we've been given aren't the best choices, i will tell you that. we ought to be creating more taxpayers. we ought to be talking about jobs. david: i agree. bingo. >> how is it that we've avoided this discussion? all we're talking about is getting more money of people working right now. so, you know, there has to be some kind of a cuttoff about preserving the current tax cuts. i opposed the bush tax cuts because i thought most of the benefits were accelerat
liz: the framework, the skelton, is set for a deal on the fiscal cliff but congress still has to vote on it before this goes into efence. -- effect, let's bring in our panel of congressman with expertise on this. mick mulvaney of south carolina, tim huelskamp kansas and dennis cue cues ohio. you've been leaving congress. you've been term-limited by voters. i know you're general in favor of what you would call a more fair tax system. the top 3%, everybody earning $250,000 or more, pay about 60%...
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Dec 25, 2012
12/12
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FBC
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer playast one on you too? - hi, i'm halle berry, and as a new mom, i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting hard to find a cure. know the signs: irritability, excessive urination, weight loss. if you have any of these signs, please call your doctor. early detection can save your life. give to save lives and reach for the cure. call now or log on to childrensdiabetesfoundation.org. ♪ gerri: there is th sto gerri: there is a story there is not getting a lot of attention today that you need to hear about, particularly if you car
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer playast one on you too? - hi, i'm halle berry, and as a new...
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Dec 27, 2012
12/12
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>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that is your hint. what on earth is happening in washington, folks? when we run through what exactly no deal
>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our...
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Dec 24, 2012
12/12
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FBC
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer play fast one on you too? i will dissect it all next. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficulty t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the sudden signs, and spot a stroke f.a.s.t. ♪ gerri: there is th sto gerri: there is a story there is not getting a lot of attention today that you need to hear about, particularly if you care about your retir
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program that what cost to employees? could your employer play fast one on you too? i will dissect it all next. ♪...
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Dec 24, 2012
12/12
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meanwhile, we are headed towards the fiscal cliff and if congress doesn't act soon the the u.s. economy could take a nosedive right off it. all this have comes as capitol hill, could a value-added tax be in the pipeline? are we slowly turning to europe. david, good to see you. and we already see us moving in terms of spending to the european model. will we move in terms of tax policy to the european model, specifically to a value-added tax like they have in most of europe? >> personally i think we should. >> on top of what we have, on top of an income tax. >> we need to cut back and what i would cut back is replacement for the medicare tax, but also, corporate tax rates should be part of the deal, too. >> what frightened milton friedman the value added tax. there's no way it would replace it, it would always be tacked on top of other tacks and look at the history and that tends to be the way we go. >> although when the europeans brought it in they did cut the other taxes. >> that didn't last long and we've seen them come up recently. >> and it's going to continue because they've
meanwhile, we are headed towards the fiscal cliff and if congress doesn't act soon the the u.s. economy could take a nosedive right off it. all this have comes as capitol hill, could a value-added tax be in the pipeline? are we slowly turning to europe. david, good to see you. and we already see us moving in terms of spending to the european model. will we move in terms of tax policy to the european model, specifically to a value-added tax like they have in most of europe? >> personally i...
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Dec 24, 2012
12/12
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to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program thawhat cost to employees? could your employer play fast could your employer play fast one on you too? when some people struggle with their mortgage payments, they become frozen, petrified. not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. announcer: it's timothy green's first day at school. what's in there? he's about to fall over. just anything he might need. there's a box of tissues on the bottom and some band-aids; th
to do i think anybody in congress can agree on is to get a sound bite about the fiscal cliff. gerri: we agree to disagree, am i right? >> would definitely agree torand disagree. gerri: thank you for coming on. when we come back, the results of the study showing waste, fraud and abuse in the nation's skies. and ibm getting flack from making major changes to the retirement program thawhat cost to employees? could your employer play fast could your employer play fast one on you too? when...
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Dec 24, 2012
12/12
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deal with the white house to avoid the fiscal cliff. if president obama and congress are now on christmas vacation. it will be thursday before talks will resume to try to prevent the automatic tax hikes and spending cuts from taking effect on january 1st. andrew spencer has the latest. >> some republicans say that president obama wants the country to fall off the cliff. >> we have been over the cliff before and this is what we will do it again. >> house speaker john boehner failed to get votes on his plan be carry it on friday, the speaker and president left town without a deal. >> i have asked the leaders of congress to work with may to prevent a tax hike. >> the president's solution was far from what i could see. >> the partisan bickering has put the country on the verge of an economic crisis. they are currently gridlock. >> if we allow the country to go the cliff this will be the most colossal consequential act of congressional irresponsibility. >> president obama isn't quite for christmas. he stated that he will cut his vacation sho
deal with the white house to avoid the fiscal cliff. if president obama and congress are now on christmas vacation. it will be thursday before talks will resume to try to prevent the automatic tax hikes and spending cuts from taking effect on january 1st. andrew spencer has the latest. >> some republicans say that president obama wants the country to fall off the cliff. >> we have been over the cliff before and this is what we will do it again. >> house speaker john boehner...
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Dec 30, 2012
12/12
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part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking about things that will happen in the next few months in terms of tax increases. it does talk about the payments to medicare providers falling by 27% if nothing is done. josh, i want to get your thoughts on this statement. some of us are hoping for the fiscal cliff. how much of that sentiment are you seeing? guest: i see a lot of it. we hear from people all over the country. we have been talking about reducing deficits and heavy responsible budgets for 20 years. if you go over the cliff and nothing changes, the largest single day of deficit reduction in world history probably beca
part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking...
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Dec 31, 2012
12/12
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cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for which mcconnell. >> the two are taking over talks. if nothing is resolved by midnight tonight. tax breaks for all americans will increase. democrats say it will mean about $2,000 for the average middle class family. >> a michigan woman said to me that is a month worth of groceries. also gets up to three years transportation to and from work. >> democrats want taxes to increase for americans earning over to london $50,000. republicans want texas a the same period >> republicans want taxes to stay the same period >> i offered over a trillion dol
cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for...
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Dec 26, 2012
12/12
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the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're dealing with the fiscal cliff, as well. what do you think the big driver was of these slower growth numbers? >> well, good morning. yes, you hit on two
the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend...
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Dec 28, 2012
12/12
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yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market every day for the past couple of weeks. it will be no different today. so i absolutely agree with you. > should investors be concerned about the move in the volatility index yesterday? > > it was interesting to see that, and it is really something that at least active investors watch on a regular basis, so any time the vix moves, i think it is something to watch. >
yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry...
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Dec 27, 2012
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>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who have
>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm...
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good evening, i'm cheryl jenning autos so we're going over the fiscal cliff. kregs leaders say they're going to save us from disaster. everyone wants to know will we ring in the new year with more taxes? >> well, we will. and this for a while, anyway. the bush era tax cuts will expire at the strofk midnight. by tomorrow it's expect there'd will be a deal to vote on this, afternoon, the president called supporters to the white house to say an agreement to extend the cuts for middle class is very close. >> preventing that tax hike has been my top priority. last thing folks like folks up here on the stage can afford right is to pay an extrao;ye6) 2,000s ndz taxes next year. >> vice president and hsh mitch mcconnell have been leading on negotiations to extend the increasest qlait tax rate from 35% to 40% and extend unemployment benefits one year. >> we need to pro teblgt american families and job creators from this looming tax hike. everyone agrees that that action is necessary. and i can report we've reached an agreement on tax issues. >> sticking point has bee
good evening, i'm cheryl jenning autos so we're going over the fiscal cliff. kregs leaders say they're going to save us from disaster. everyone wants to know will we ring in the new year with more taxes? >> well, we will. and this for a while, anyway. the bush era tax cuts will expire at the strofk midnight. by tomorrow it's expect there'd will be a deal to vote on this, afternoon, the president called supporters to the white house to say an agreement to extend the cuts for middle class...
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Dec 30, 2012
12/12
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all eyes on the senate as the nation moves closer and closer to the brink of that fiscal cliff with passive tax hikes set to automatically kick in. they are trying to come up with a last minute compromise. president said any bipartisan bill would have to extend unemployment benefits affecting some 2 million americans. it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before a deal needs to be reached. it's likely negotiators will be burning the midnight oil as the clock ticks down to 2013. there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts
all eyes on the senate as the nation moves closer and closer to the brink of that fiscal cliff with passive tax hikes set to automatically kick in. they are trying to come up with a last minute compromise. president said any bipartisan bill would have to extend unemployment benefits affecting some 2 million americans. it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. economy is growing, but keeping...
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Dec 31, 2012
12/12
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so the fiscal cliff fallout to hit the middle class hard if congress doesn't act to fix the cliff now. economy is fausting huge risks from self-inflicted wounds. this is from the tax policy center, the codirector there. this is on top of the rate increases it is an $86 billion extra tax hitting squarely in the middle class. and we're hearing from h&r block. h&r block is saying your $1100 refund if you're a family makes 85,000 with two kids could turn into $1400 tax bill. that is warning already. whether or not they fix it. i heard mid-morning, this is the deal. they would permanently fix it. does that mean permanently index it to inflation? that is what we are looking for right now and what is happening. but separate from all that, we know obamacare taxes are also hitting january 1. ashley: yeah. >> we also have separate from that, 70 tax breaks expiring. things like sales tax deductions in certain states or tuition and fees for certain students. ashley: yeah. >> that is another thing they will have to deal with. states we have to watch out for what we're talking about the amt, califo
so the fiscal cliff fallout to hit the middle class hard if congress doesn't act to fix the cliff now. economy is fausting huge risks from self-inflicted wounds. this is from the tax policy center, the codirector there. this is on top of the rate increases it is an $86 billion extra tax hitting squarely in the middle class. and we're hearing from h&r block. h&r block is saying your $1100 refund if you're a family makes 85,000 with two kids could turn into $1400 tax bill. that is warning...
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Dec 30, 2012
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. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue
. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >>...
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Dec 28, 2012
12/12
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in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not?
in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and...
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Dec 30, 2012
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on the fiscal cliff. the senate will be in at 1:00 eastern. though it's in the senate are scheduled for to o'clock p.m. eastern. according to "the washington post" perry began mitch mcconnell have set a deadline at 3:00 when they will be convening caucus meetings and that date members for a possible plan on taxes and spending. president obama was on "meet the press of" today saying the pressure is on congress to make a deal. he was optimistic, but he said that they cannot come to an agreement, he wants the senate majority leader to introduce legislation to make sure middle class taxes stay where they are. live coverage of the senate on c-span2 when the gavel in. the house out to woodcock with the boats as early as 6:00 looking at a number of legislation from veterans to foreign aid. you can watch the house live here on c-span. >> republican olympia snowe from maine is also retiring at the end of the 112th congress after three terms. next, her farewell address. it is about 35 minutes. >> i rise today with
on the fiscal cliff. the senate will be in at 1:00 eastern. though it's in the senate are scheduled for to o'clock p.m. eastern. according to "the washington post" perry began mitch mcconnell have set a deadline at 3:00 when they will be convening caucus meetings and that date members for a possible plan on taxes and spending. president obama was on "meet the press of" today saying the pressure is on congress to make a deal. he was optimistic, but he said that they cannot...
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Dec 28, 2012
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for them to sign off on a package to avert the fiscal cliff. >>> from shopping season to returns season. i've been doing a little bit of that. we'll show you why returns are expected to jump by more than 30% this year. the one thing, the one thing that could derail the social media powerhouses in 2013. find out what it is today on "power." meantime, "halftime report" returns after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> welcome back. all eyes have been on the yen as it's been sinking versus the dollar hitting a fresh two-year low just today. lets gait your money in motion trade now. boris joins us from b.k. asset management. >> good to be with you. >> everybody in their brother it seems is getting on this train. >> yes. >> it's getting a little crowded, isn't it? >> it is getting a little crowded. i still like the trade. i thin
for them to sign off on a package to avert the fiscal cliff. >>> from shopping season to returns season. i've been doing a little bit of that. we'll show you why returns are expected to jump by more than 30% this year. the one thing, the one thing that could derail the social media powerhouses in 2013. find out what it is today on "power." meantime, "halftime report" returns after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and...
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Dec 28, 2012
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going over the fiscal cliff. which is why the president has been working to bring the leaders together. >> the way our system is supposed to work is the president is supposed to make a proposal and go across the country persuading the american people he is right. finos how to do that. then he sits down with us and we complain and adjust and amend it and bring it up on the floor and vote on it and pass it and get it resolved. that is what is supposed to happen and it can't start until the president make the proposal. rich: lawmakers are waiting to see how the meeting shapes up next hour and so are we. neil: john boehner can deliver his caucus without spending cuts and democrats can't come to the table must -- my hand a doing this, republicans agreed to tax increases. we are going over the cliff and that might be what both sides want. >> the possible scenario where if the market reacts negatively lawmakers would feel the rush to pass something else. it became clear after john boehner put on the table keeping tax ra
going over the fiscal cliff. which is why the president has been working to bring the leaders together. >> the way our system is supposed to work is the president is supposed to make a proposal and go across the country persuading the american people he is right. finos how to do that. then he sits down with us and we complain and adjust and amend it and bring it up on the floor and vote on it and pass it and get it resolved. that is what is supposed to happen and it can't start until the...
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Dec 27, 2012
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could it be worse we already see the impact of fiscal cliff concerns? >> yes. i respect the cbo numbers and the director that they say this is an estimate. i don't think we go back into a recession, but when i talk about this, seven and $87 billion went into the economy to rescue it from the recession. now if we don't pullout $600 billion with the tax creases -- increases so that would have an adverse effect on wall street and main street. we live in a global economy. this sense verbal signals. tracy: what about signals to your stuuents? they are about to enter the job force nobody will hire any time soon. >> hiring is the key number but the good news with jobless claims they suggest the layoffs have begun to moderate. it is in the range of a healthy economy. but the bureau of labor statistics said the number of job openings available. look at those who are actively searching there's 12 people for every excuse me for every one job created for people are looking for the job. that ratio has been the same lori: unemployment is still a crisis 3-point doubt station
could it be worse we already see the impact of fiscal cliff concerns? >> yes. i respect the cbo numbers and the director that they say this is an estimate. i don't think we go back into a recession, but when i talk about this, seven and $87 billion went into the economy to rescue it from the recession. now if we don't pullout $600 billion with the tax creases -- increases so that would have an adverse effect on wall street and main street. we live in a global economy. this sense verbal...
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Dec 28, 2012
12/12
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. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that means lawmakers will reach some kind of a deal a few weeks after the new year begins. >>> retailers are bracing for more bad news as thousands of workers at u.s. ports are preparing to strike. jackie deangelis live with that story and more. jackie? >> good morning, aaron. time is running short to avoid a possible strike this weekend at more than a dozen east and gulf coast ports stretching from maine to texas. more than 14,000 long shore men could walk off the job when their contract expires tomorrow in a long
. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say...
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Dec 24, 2012
12/12
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regardless of what congress does or doesn't do to deal with the year-end fiscal cliff, it is too late for employers to accurately withhold income taxes from paychecks. payroll increases start january 1. but talks drag on of how to ad
regardless of what congress does or doesn't do to deal with the year-end fiscal cliff, it is too late for employers to accurately withhold income taxes from paychecks. payroll increases start january 1. but talks drag on of how to ad
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Dec 31, 2012
12/12
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congress once again failing to act, and now the clock almost up on the fiscal cliff. let's bring in republican strategist. -- let's bring in a republican strategist. welcome back. >> good to be here. stuart: it looks like the republicans will get quite a bit of the blame regardless of whether we get a deal, no deal, or whether we go over the cliff. i think you will probably agree that short-term they get the blame. how about long-term >> look, this is obama's game. his game is he needs someone to blame. he had bush in his first term. now he's got the fiscal cliff. blame the republicans. and the truth is, in the short-term, the g.o.p. gets the blame. and they deserve it a little bit. but in the long-term, things change. stuart: you are a republican strategist. why do you say that republicans deserve some of the blame short-term? >> well, they deserve it the same way everyone in washington deserves it. no one in washington is incentiveized to think about the long-term. everyone is thinking about the short-term. by the way we see this in the private sector as well where
congress once again failing to act, and now the clock almost up on the fiscal cliff. let's bring in republican strategist. -- let's bring in a republican strategist. welcome back. >> good to be here. stuart: it looks like the republicans will get quite a bit of the blame regardless of whether we get a deal, no deal, or whether we go over the cliff. i think you will probably agree that short-term they get the blame. how about long-term >> look, this is obama's game. his game is he...
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Dec 27, 2012
12/12
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followed by more discussion of the fiscal cliff negotiations as congress returns to washington. joined by forbes media chairman steve forbes. later, a discussion on background checks, how they work, and when they are required. our guest is matt bennett. "washington journal," live at 7:00 a.m. eastern on c-span. >> they really started to get worried in the summer and fall of 1774. the british admirals' and generals and diplomats were reporting to the crown that the colonists were sending ships everywhere to give ammunition and muskets and cannon. this was after the british had sent more troops to boston, after the boston tea party and the so-called coercive acts. it is clear the colonists were pulling together ammunition and cannon. maybe they did not intend to use it. that was a big debate. the king -- in 1774 he basically prohibited british ships from taking ammunition and everything to the colony is unless it was officially sanctioned. they were very alert to this. as soon as the colonies found out about the order and council prohibiting ammunitions from being sent to the colo
followed by more discussion of the fiscal cliff negotiations as congress returns to washington. joined by forbes media chairman steve forbes. later, a discussion on background checks, how they work, and when they are required. our guest is matt bennett. "washington journal," live at 7:00 a.m. eastern on c-span. >> they really started to get worried in the summer and fall of 1774. the british admirals' and generals and diplomats were reporting to the crown that the colonists were...
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Dec 29, 2012
12/12
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. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permi
. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid...
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Dec 24, 2012
12/12
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>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days. even in your role, if you're having to reset expectations. >> sure. i think it's fair to say the campaign is disappointed. we're not going to -- unless lightning strikes, we're not going to get a big deal. we're going to get something that avoid the cliff. kicks the can down the road on the serious issues. the serious issues, the can gets kicked into the debt ceiling. president says he's not going to deal with the debt ceiling. who knows what's going to happen at that point. i think we blew an opportunity in the last seven weeks to really sit down, do something good for the country, d
>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days....
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Dec 26, 2012
12/12
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and the consequences are dire. >> if we go over the fiscal cliff, i have to react. so i know where i need to pull back. >> can congress agree to a compromise deal before the end of the year? tune in to "squawk box" tomorrow at 6:00 a.m. eastern for up-to-the-minute coverage for the fiscal cliff talks. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work.
and the consequences are dire. >> if we go over the fiscal cliff, i have to react. so i know where i need to pull back. >> can congress agree to a compromise deal before the end of the year? tune in to "squawk box" tomorrow at 6:00 a.m. eastern for up-to-the-minute coverage for the fiscal cliff talks. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind...
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Dec 31, 2012
12/12
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that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount that the average family will see a tax hike from the expiration of the payroll tax cuts. i would point out this is probably both away. both sides seem to be on board with undoing that temporary tax cut. 9% is the percent deutsche bank sees the unemployment rate up from the 7.8% where we are right now if we do go over the fiscal cliff. and then this number here, again, john harwood was talking about this, 8.2%, that's the across the board automatic cuts. fema, education, and of course state and local aid which is something that you would s
that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount...
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Dec 28, 2012
12/12
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listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets, especially overseas, the credit raters is unpredictable. you don't want to start your second term with a double-dip recession. that's the real risk here. for republicans more and more you hear them saying and i think this is what you're refer to here. you hear them saying, let's just wait until people get their first paycheck. wait until they get that pay economic when there's less withheld and there's not a payroll tax holiday but then they want tax relief. it's a huge risk. another political game at play here. sherman has a great story on the sight right there giving the thought
listen, this fiscal cliff deal, everyone is so sick of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets,...
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Dec 27, 2012
12/12
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america is looking to its congress for both. it is certainly looking to congress to be working. i said everywhere i go people ask me and urged me with hope in their voices, i hope you are working on that fiscal cliff, i hope you are getting the situation that we are not going over the fiscal cliff. sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday and it was reported in the paper today that america will reach its debt limit on december 31. that needs to be dealt with. so that we can maintain the credit worthiness of this nation, so we can give confidence to this economy. in addition to that, there is much other business to do. over the past weeks, majority leader kantor said the house would do the work necessary to finish the items we needed to get done by the end of the year. i talk to mr. kantor
america is looking to its congress for both. it is certainly looking to congress to be working. i said everywhere i go people ask me and urged me with hope in their voices, i hope you are working on that fiscal cliff, i hope you are getting the situation that we are not going over the fiscal cliff. sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as...